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Elliott Wave Analysis TradingLounge Daily Chart, 16 November 23,

Neo/ U.S. dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Double Corrective

Position: Wave (Y)

Direction Next higher Degrees: Wave ((B)) of Flat

Wave Cancel invalid Level: 6.49

Details: Wave (Y) may end and Five-wave rise will support idea

Neo/ U.S. dollar(NEOUSD)Trading Strategy: The rally in Wave (1) appears to have ended at the 15.46 level, and the price is entering a correction period in Wave (2), where the reversal of Wave (2) is usually 0.50 or 0.618 x the length of Wave (1). Therefore, Neo's trend is still upward. The reversal is only short-term to continue Wave (3).

Neo/ U.S. dollar(NEOUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source : Tradinglounge.com

Elliott Wave Analysis TradingLounge 4H Chart, 16 November 23,

Neo/ U.S. dollar(NEOUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave (B)

Direction Next higher Degrees: Wave ((2)) of Impulse

Wave Cancel invalid Level: 6.49

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

Neo/ U.S. dollar(NEOUSD)Trading Strategy: The rally in Wave (1) appears to have ended at the 15.46 level, and the price is entering a correction period in Wave (2), where the reversal of Wave (2) is usually 0.50 or 0.618 x the length of Wave (1). Therefore, Neo's trend is still up. The reversal is only short-term to continue Wave (3).

Neo/ U.S. dollar(NEOUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum.

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